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Lenovo quarterly sales flat, profits up on premium PC growth

2020-02-20 08:57:00| Telecompaper Headlines

(Telecompaper) Lenovo reported sales unchanged year-on-year for its fiscal third quarter to December, at USD 14.1 billion. Operating profit was still up 12 percent to USD 488 million, thanks to strength in premium PCs and profitability at its mobile business. Net profit increased 11 percent to USD 258 million. The company said it was seeing some impact on its supply chain and production due to the coronavirus outbreak, but would leverage its global footprint to minimise the effect on results.

Tags: sales premium growth flat

Nokia improves profits on flat sales in Q4, targets improved cash flow in 2020

2020-02-06 08:44:00| Telecompaper Headlines

(Telecompaper) Nokia reported a strong improvement in profits for the fourth quarter, despite flat revenues for the period. Profits were still down over the full year, and the company said it will focus this year on its mobile access business and cash flow, with the hope of paying a dividend by year-end.

Tags: sales cash flow flat

Fast Retailing sales and profits slump in Q3

2020-01-13 12:13:00| Daily apparel & textile news and comment - from just-style.com

Japan's Fast Retailing Group, the owner of brands including Uniqlo and Gu has booked a drop in both revenues and earnings for its first-quarter, weighed down by weaker profits in its South Korea and Hong Kong operations.

Tags: sales fast profits q3

Superdry warns on profits amid Christmas sales drop

2020-01-10 12:37:00| Daily apparel & textile news and comment - from just-style.com

Shares in Superdry tumbled today (10 January) after the UK clothing retailer warned its annual pre-tax profits could be eliminated following a double-digit drop in sales over the Christmas trading season.

Tags: sales christmas drop profits